Questions across 5 calls

Gautam Rathi

CWC

C.E. Info Systems Limited

C.E. Info Systems Limited CC-May26.pdf · 2026-05-20

Hi thanks for taking my question. Hope I am audible. Mr. Verma, just the first thing, right, like the previous participants of what we are trying to hint is the lack of visibility that we have on how the revenues are getting converted across line items. Just in continuation and you are asking us to believe that if we have been doing in the past 5 years, why will it not happen. But this year clearly was a disappointment. Overall year basis, I'm just talking about. So just specifically, you are trying to compare Q3 versus Q4, and you have coached us for so many years that do not look at our business quarter- on-quarter, it's a year-on-year business. Now suddenly, we are seeing the momentum is picking up back. But when I see the numbers, specifically, you said in Q3 that there is no reason why Q4 growth should not be similar or better than last year Q4. If I take that number, it looks like it's a INR45 crores, INR50 crores miss in the revenue. It should have been INR190-odd crores. It's about INR145 crores. Can you help me understand because as an analyst, as an outsider, we do not understand it. Can you help me understand specifically where is this INR45 crore, INR50 crores miss?

Rohan, I totally get it. But see, you did your last call around Feb first or second week. It was already 40, 45 days, which you had seen the business, right? Order book was there already, like INR1,500 crores at the start of the year, INR1,750 crores or INR1,780 crores at end of Q3. So I don't think so you did not have the order. There is some, and you had the vi sibility, right? Mr. Verma indicated that he feels it would be a similar growth quarter. But still, there was some kind of a miss. I'm just trying to understand as an outsider because you guys are seeing it internally, there is a miss, right? There's a INR45- odd crores miss, almost 30% of revenue in Q4. I'm just trying to bridge that gap?

C.E. Info Systems Limited CC-Nov25.pdf · 2025-11-11

So my question is in the IoT business, there is this hardware revenue and then there is the service/map led revenue, right? We see a significant uptick, INR37.8 crores number which you have reported in the IoT-led, but map-related and service-related revenue. That's more recurring in nature, right? The understanding we had was, first, you have to sell devices or hardware to get this income, but suddenly we see a very large number there after a few quarters, right? So can you throw some more light there?

Because it's a platform, right, like SaaS or a platform-based service. Very interesting. The other thing, Rohan, I just wanted to understand, like a lot of government-related work which you're doing now, which I just heard over the call and the presentation, right, it looks more platform- led or, say, mGIS for Survey of India, right, wh ich is again a product or a platform. So again, would this also become recurring in nature rath er than our general notion of government being a lumpy business, Q4-heavy, et cetera? Are these now more recurring in nature?

C.E. Info Systems Limited CC-Dec24.pdf · 2025-01-29

Hi Mr. Verma. Thanks for taking my question. I have a couple of them. First on the Hyundai contract, just needed some clarification. So, this is a 400 crores contract for 5 years. But how should we think about the peak ramp revenue in this contract? Is it fair to say because even if I take average its 80 crores. But is it fair to think that at a peak this could be like 100-120 crores kind of a revenue. And just to take a guess today we would be not even say, 10 to 15 crores in that contract. Is it fair to think about it that way?

Okay Understood.

C.E. Info Systems Limited CC-Mar24.pdf · 2024-05-13

So Rohan, just to understand the order book and the business better, right? So now you also have a sizable IoT business, both hardware and software, right, which is INR40 crores run rating, so say, INR160 crores for the year and more. So lo gically, that would not be sitting in the order book, right, because that is when you literally sell the hardware and get the subscription in. So how should we think about the conversion of the current order book, which is INR1,372 crores? And would this IoT be on top whatever you said?

So the question is in your revenue for FY '24, which is the total of INR380 crores, in that, how much would have been the orders which you would have received in FY '24 itself? We are just trying to understand that. What would be the percentage of the INR380 crores where the orders would have been received in FY '24 itself and the revenue would have also been recognized in '24 itself?

Jubilant Foodworks Limited

Jubilant Foodworks Limited CC-Nov25.pdf · 2025-11-13

Hey, hi. Thanks for taking my question. Just two of them. The first one, can you just help me understand this Rs. 415 crores of investments in H1 for into fixed assets or CAPEX? Can you just give me some more color, like what are store investments, tech investments, back-end?

But, Suman, is it fair to assume that there would have been some investment in the commissary in the first half? I am not asking you to break that up. Just trying to understand because if you just do a back -of-the-envelope, half of it seems to be explained by the store. So, we are just trying to understand that there has to be a component of the back-end in this first half, right?